Some sectors are going to see unemployment of 20, 30, even 50 percent. That sounds terrifying until you remember that jobs themselves were never a law of nature. They were an invention that served a capitalist system for a couple of centuries.

The system depends on one thing capitalists keep ignoring. Without consumption, there is no economy. You can automate every job you want, but if nobody has money to buy what you're making, the whole model collapses.

That's why even Western governments will eventually turn to universal basic income, not out of generosity but out of necessity. I think the West will struggle with that shift because of how deeply we associate income with earning it. China will likely accept it more easily.

Smaller, simpler economies like Egypt may adapt the fastest of all, because they were never built on that complexity to begin with. Watch how your own country responds to this. It will tell you everything about what kind of future you're heading into.

This interview was originally produced by Business Insider for their AI Architects series: https://youtu.be/RljBVCnt9AQ?si=JfIZupgQ-bowBlvj Business Insider Website: https://www.businessinsider.com Facebook: https://www.facebook.com/businessinsider Instagram: https://www.instagram.com/businessinsider Twitter/X: https://www.twitter.com/businessinsider TikTok: https://www.tiktok.com/@businessinsider Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 #ArtificialIntelligence #MoGawdat #BusinessInsider #AIArchitects #FutureOfWork #Economy #UBI #Capitalism #Automation #FutureOfHumanity